China Real Estate Giant Country Garden Australian subsidiary Risland Australia has reached an agreement on the sale of the land held in Sydney, which means that Country Garden will fully withdraw from the Australian market.
Reuters on Thursday (January 18) quoted a statement that did not marked the date of the labeled date reported that Risland Australia agreedThe first phase of the project.The project is located 65 kilometers away from Nantini and covers an area of 330 hectares.
According to the Hong Kong South China Morning Post, the above -mentioned land is sold to Avantaus, a private developer with a Chinese background, with a price of $ 157 million (about S $ 211 million).It is reported that the above -mentioned developers planned to purchase the remaining land of the Wilton Greens development project for about $ 240 million (about S $ 212 million).
Relevant sources of Country Garden responded to the media inquiry that the current development of the above development projects is actively contacted. If the promotion is smooth, it is expected to complete the asset sales in the first half of the year.Country Garden will disclose the details of the Australian project disposal to investors in accordance with relevant disclosure requirements, ensure the reasonable use of disposal funds, and pay them in the order of legal order to ensure that all stakeholders are treated fairly and fairly.
In October last year, Country Garden has sold another residential project in Windermere, a residential project near Melbourne, Australia.
Yang Huiyan, Chairman of the Board of Directors of Country Garden Group, revealed at the 2024 work conference on Monday (15th) that the group is expected to deliver more than 480,000 houses this year.
Country Garden announced on Tuesday (16th) that KPMA was hired as a financial adviser. The market -attractive overseas debt reorganization is expected to be advanced.
Country Garden's overseas debt defaults last year, and a large number of bonds in the country conducted a overall exhibition period. Its liquidity crisis caused the market to further frustrate the confidence of the prospects of China's real estate industry and the issuer of housing enterprise bonds.
